Approved foreign investment pledges up by 70% in second quarter
Approved foreign investment pledges rose by 70.4% in the second quarter, its highest in almost three years, the Philippine Statistics Authority said.
Preliminary PSA data...
UnionBank to raise P20 billion via commercial papers
UnionBank of the Philippines is set to raise P20 billion through issuance of debt instruments to raise fresh funds.
In a regulatory filing on Thursday,...
Credit Suisse expects BSP to raise rates by 50 base points
Financial services firm Credit Suisse said the local central bank needs to hike its interest rates by 50 basis points (bp) to dampen inflation...
Meralco to lower power rates this month
Manila Electric Co. (Meralco) announced on Thursday, Sept. 6, a decrease in electricity rates for September by P0.1458 per kilowatt-hour (kWh) to P10.0732 per...
Solar Philippines’ Leviste ‘accepts challenge’ to energize poorly served areas
Solar Philippines President Leandro L. Leviste has accepted the challenge of electric cooperatives to prioritize "unserved and underserved" areas in the Philippines in his...
OFWs no longer required to secure permit to exit Qatar
Overseas Filipino Workers (OFWs) won't need to avail an exit permit to leave Qatar after a new provision was enacted in the Arab state's...
DPWH opens new bridges in Pampanga, Bataan
The Department of Public Works and Highways (DPWH) opened on Thursday, Sept. 6, three new bridges in Pampanga and Bataan to replace the existing...
ICTSI to hike stake in Manila North Harbor to 50%
International Container Terminal Services, Inc. (ICTSI) will be increasing its stake to 50% in Habor Centre Port Terminal, Inc.'s Manila North Harbor Philippines, Inc....
Henry Sy, Sr. still the Philippines’ wealthiest — Forbes
SM Group of Companies founder Henry T. Sy, Sr. is still the country’s richest tycoon for 11 consecutive years, according to this year’s Forbes...
CBS, MCBL to offer public school teachers salary loans that come with life insurance
China Bank Savings Corp. (CBS) and Manulife China Bank Life Assurance Corp. (MCBL) are set to provide automatic payroll deduction salary loan that comes...
Berjaya Philippines invests P124.47 million in Malaysian 7-Eleven operator
Berjaya Philippines, Inc is shelling out P124.47 million to increase its stake in the Malaysian operator of 7-Eleven convenience stores.
In a disclosure to the...
Property firm Pueblo de Oro to develop more residential projects
Pueblo de Oro Development Corp. (PDO) targets to develop more residential projects in the future as it looks to contribute to the housing sector...